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Chako Chako
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8 years ago
The Ricardian model of international trade demonstrates that trade can be mutually beneficial. Why, then, do governments restrict imports of some goods?
A) Trade can have significant harmful effects on some segments of a country's economy.
B) The Ricardian model is often incorrect in its prediction that trade can be mutually beneficial.
C) Import restrictions are the result of trade wars between hostile countries.
D) Restrictions on imports can have significant beneficial effects on domestic consumers.
E) Imports are only restricted when foreign-made goods do not meet domestic standards of quality.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
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machukianmachukian
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Chako Author
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8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
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7 years ago
Thanks for the feedback, I'm sure others will appreciate it too
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